1500 Manhattan Ave
Hermosa Beach, CA 90254
8
Bed
7
Bath
4,506Sqft(Lot)
1500 Manhattan Avenue presents a rare opportunity to acquire a six-unit multifamily property in the heart of Hermosa Beach's highly sought-after Sand Section, just moments from the beach, The Strand, and the vibrant dining, shopping, and entertainment along Pier Avenue. Situated on a 4,506 square foot lot, the property consists of six well-designed units, including one (3-Bedroom/2-Bath), two (2-Bedroom/1-Bath), one (1-Bedroom/1-Bath), and two studio units, totaling approximately 4,604 square feet of rentable building area. Offered at a 3.41% Current CAP Rate and 18.45 Current GRM, the property provides investors with stable in-place income and additional upside through the continued turnover of below-market rents. Upon stabilization, the asset offers a projected 4.48% Market CAP Rate
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Building Information
Year Built: 1962Building Area Total: 4604Pool Features: NonePrivate Pool: No
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Lot Information
Main Square Feet: 4506 Lot Size Acres: 0.1034 Lot Size Source: Assessor Lot Size Square Feet: 4,506 Lot Description: SixToTenUnitsAcre
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Listing Price Information
Listing Price: $4400000Cash, CashToNewLoan, Conventional, Exchange1031
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Tax Information
Parcel Number: 4183013010 Tax Lot: 14 Tax Block: 49
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Virtual Tour
Parking Information
Parking Total: 8 Assigned
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Location Information
Direction: From the 105 Freeway, take Sepulveda Blvd south, turn right on Pier Ave, then right on Manhattan Ave. Property is near Manhattan Ave and 15th St. WaterSource: Public
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ByOwner last updated this listing 08/18/2026 @ 03:19
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